Page 111 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

I 105

CHAPTER EIGHT

THERE Is A

DIFFERENCE BETWEEN

SAVERS AND INVESTORS

Robert's View

Many people invest in mutual funds. When I talk about not being a
saver, many of them respond, "But I am investing. I have a portfolio of
mutual funds. I have a 401 (k). I also own stocks and bonds. Isn't that
investing?"
I take a step back and explain myselfa bit more, "Yes, saving is a form of
investing. So when you buy mutual funds or stocks or bonds,you are sort of
investing, but it is more from a saver's point of view and a saver's set of
values."
Let'slook at the passiveinvestor philosophy. Once again, most financial
planners will advise you to

• Work hard
• Savemoney
• Get out ofdebt
• Invest for the long term (primarily in mutual funds)
• Diversify

Putting this in financial planners' language, it often sounds like this.
"Work hard. Make sure the company you work for has a matching 401(k)
program. Be sure to maximize your contribution. After all, it's tax-free
money. If you own a home, payoffthat mortgage quickly. Ifyou have credit
cards, pay them off. Also, have a balanced portfolio ofgrowth funds, a few

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